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Unaudited Financial Statements for the Year Ended 31 March 2018 |
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H.H Services Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 March 2018 |
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for |
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H.H Services Limited |
H.H Services Limited (Registered number: 01651941) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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H.H Services Limited |
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Company Information |
for the Year Ended 31 March 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
100 High Ash Drive |
Alwoodley |
Leeds |
West Yorkshire |
LS17 8RE |
H.H Services Limited (Registered number: 01651941) |
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Balance Sheet |
31 March 2018 |
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31.3.18 | 31.3.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
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( |
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PROVISIONS FOR LIABILITIES | 10 | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 11 |
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Non-distributable reserve | 12 |
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Other reserves |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
H.H Services Limited (Registered number: 01651941) |
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Balance Sheet - continued |
31 March 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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H.H Services Limited (Registered number: 01651941) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2018 |
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1. | STATUTORY INFORMATION |
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H.H Services Limited is a
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company's registered number and registered office address can be found on the Company Information |
page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Tangible fixed assets |
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Plant and machinery | - |
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Motor vehicles | - |
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Computer equipment | - |
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Investment property |
In accordance with Statement of Standard Accounting Practice No 19, some of the company's |
properties are held for long term investment and are included in the balance sheet at their open market |
values. The surplus or deficit on annual revaluation of such properties is transferred to the investment |
property revaluation reserve. |
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Depreciation is not provided in respect of freehold investment properties. Leasehold investment |
properties are not amortised. This represents a departure from the Financial Reporting Standard for |
Smaller Entities, which requires depreciation to be provided on all fixed assets. The directors consider |
that this policy is necessary in order that the Financial Statements may give a true and fair view |
because current values and changes in values are of prime importance rather than the calculation of |
systematic annual depreciation. Depreciation is only one of many factors reflected in the annual |
valuation and the amount, which might otherwise have been shown, cannot be separately identified or |
quantified. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
H.H Services Limited (Registered number: 01651941) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 April 2017 |
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Additions |
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Disposals | ( |
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At 31 March 2018 |
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DEPRECIATION |
At 1 April 2017 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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At 31 March 2017 |
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5. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 April 2017 |
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Disposals | ( |
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Revaluations | 340,459 |
At 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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At 31 March 2017 |
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H.H Services Limited (Registered number: 01651941) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
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5. | INVESTMENT PROPERTY - continued |
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Fair value at 31 March 2018 is represented by: |
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£ |
Valuation in 2007 | 4,318,755 |
Valuation in 2008 | (506,299 | ) |
Valuation in 2009 | (975,710 | ) |
Valuation in 2010 | (510,000 | ) |
Valuation in 2011 | 132,365 |
Valuation in 2015 | (250,000 | ) |
Valuation in 2017 | (224,800 | ) |
Valuation in 2018 | 340,459 |
Cost | 5,783,230 |
8,108,000 |
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If investment properties had not been revalued they would have been included at the following |
historical cost: |
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31.3.18 | 31.3.17 |
£ | £ |
Cost | 6,285,689 | 6,285,689 |
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Investment property was valued on an open market basis on 31 March 2018 by the directors . |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.18 | 31.3.17 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.18 | 31.3.17 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.3.18 | 31.3.17 |
£ | £ |
Bank loans |
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Other creditors |
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H.H Services Limited (Registered number: 01651941) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
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8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
31.3.18 | 31.3.17 |
£ | £ |
Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more than 5 years |
by instalments | 199,623 | 299,623 |
199,623 | 299,623 |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.3.18 | 31.3.17 |
£ | £ |
Bank loans |
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The bank loan is secured by way of first priority legal charges over the properties. |
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10. | PROVISIONS FOR LIABILITIES |
31.3.18 | 31.3.17 |
£ | £ |
Deferred tax | 20,632 | 121,040 |
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Deferred |
tax |
£ |
Balance at 1 April 2017 |
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Movement in year | (100,408 | ) |
Balance at 31 March 2018 |
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11. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.18 | 31.3.17 |
value: | £ | £ |
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Ordinary | £1 | 167 | 167 |
H.H Services Limited (Registered number: 01651941) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
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12. | RESERVES |
Non-distributable |
reserve |
£ |
At 1 April 2017 |
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Transfer | 445,769 |
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At 31 March 2018 |
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The transfer between reserves represents the reclassification of investment property valuation gains |
and losses (net of associated deferred tax) into an other reserve, on the basis that the net valuation |
gains are not available for distribution to shareholders. |
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Revaluations £2,324,771, less deferred tax £0, non-distributable reserve £2,324,771. |
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13. | RELATED PARTY DISCLOSURES |
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Included in other creditors is an amount due of £7,022 (2017: £4,071) to a director of the company, |
This loan is interest free and repayable on demand. |
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Included in other creditors falling due after more than one year are the following loans from |
shareholders: |
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A shareholder: £103,163 (2017: £100,136) |
A shareholder: £103,163 (2017: £100,136) |
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14. | ULTIMATE CONTROLLING PARTY |
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During the year the company was under the control of the directors. |